Converting from Mauritanian Ouguiya (MRU) to Moroccan Dirham (MAD)

What is Mauritanian Ouguiya (MRU)

The Mauritanian ouguiya (MRU) is the official currency of Mauritania, a country located in Northwest Africa. The ouguiya is subdivided into 5 khoums, with coins available in denominations of 1, 5, 10, and 20 ouguiyas. The currency symbol for the ouguiya is م.أ. which is based on the local language. The central bank responsible for issuing and regulating the ouguiya is the Banque Centrale de Mauritanie.

Mauritania has a unique economy that relies heavily on natural resources, agriculture, and livestock. The ouguiya has undergone several revaluations since its introduction in 1973. The most significant change came in 2017 when the government redenominated the ouguiya, removing four zeros from the previous currency. This was aimed at simplifying financial transactions and stabilizing the economy.

Exchange rates for the MRU can fluctuate due to various factors, including inflation, economic conditions, and international market dynamics. Therefore, when planning to convert MRU to Moroccan Dirham (MAD), it's essential to check the latest exchange rates to get an accurate conversion.

What is Moroccan Dirham (MAD)

The Moroccan dirham (MAD) is the official currency of Morocco, another country situated in North Africa. One dirham is subdivided into 100 centimes, and its symbol is د.م. The central bank that manages the dirham is Bank Al-Maghrib. The dirham has a rich history, being introduced in 1882 based on the silver coin used in the region for centuries.

The Moroccan economy is diverse, with key sectors including agriculture, mining, and tourism. The dirham has remained relatively stable compared to many other currencies in the region. Like the MRU, the exchange rate of the dirham can be influenced by several factors, including economic growth, trade balances, and foreign investment.

As for the conversion from MRU to MAD, the exchange rate can fluctuate daily. To find out how many Moroccan dirhams you would get for a specific amount of ouguiyas, you can use the following formula:

Converted Amount (MAD) = Amount (MRU) × Exchange Rate (MAD/MRU)

For example, if you have 100 MRU and the exchange rate is 0.28 MAD for 1 MRU, then the conversion would be:

Converted Amount (MAD) = 100 × 0.28 = 28 MAD

When converting currencies, it's always a good practice to check with reliable financial institutions or currency converters to ensure you have the most accurate and up-to-date rates. Understanding the value of your money in a different currency can significantly help when traveling or engaging in international trade.